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Description
International Day of Banks, observed annually on December 4, celebrates the critical role that banks and financial institutions play in supporting economic development and promoting global prosperity. It is a day to recognize the achievements of the banking sector and its contributions to financial inclusion, sustainable growth, and poverty alleviation. This day also highlights the importance of multilateral development banks in facilitating international cooperation.
History
The International Day of Banks was officially proclaimed by the United Nations General Assembly (UNGA) on December 19, 2019, through Resolution 74/245. The day was established to recognize the vital role that banks and financial institutions play in fostering sustainable development and economic stability around the globe. The inaugural celebration took place on December 4, 2020.
Multilateral Development Banks (MDBs): Institutions like the World Bank and regional development banks are acknowledged for their contributions to international financial stability, poverty eradication, and infrastructure development.
National Banks: Domestic banks are recognized for their efforts in promoting financial inclusion, supporting small businesses, and boosting economic activity in local communities.
This observance aligns closely with the 2030 Agenda for Sustainable Development, emphasizing how banks support the implementation of the Sustainable Development Goals (SDGs) by providing access to financial resources, encouraging entrepreneurship, and enabling environmental, social, and governance (ESG)-focused investments.
Over time, International Day of Banks has evolved into a platform for encouraging global collaboration among financial institutions, governments, and stakeholders. The day celebrates not only the achievements of the banking sector but also fosters discussions on how banks can address pressing global challenges like climate change, inequality, and poverty.
How To Celebrate
- Learn About Financial Literacy: Spend the day enhancing your knowledge about banking, loans, investments, and credit management.
- Appreciate Your Bankers: Send thank-you messages or tokens of appreciation to your local bank employees for their service.
- Engage in Online Discussions: Share your thoughts on social media using hashtags like #InternationalDayofBanks to spread awareness.
- Support Sustainable Banking Initiatives: Explore banks or programs that focus on sustainable development and consider contributing to such causes.
- Host a Financial Awareness Workshop: Organize or participate in community events that focus on educating people about financial planning and security.
Amazing Facts
- First Celebration: The inaugural event was held in 2020.
- UN Proclamation: Established by the United Nations General Assembly in 2019.
- Purpose: Highlights the critical role of banks in fostering economic growth, financial inclusion, and achieving the Sustainable Development Goals (SDGs).
- Global Focus: Recognizes both multilateral development banks and national banking institutions for their contributions to global stability and local development.
- Promotes Financial Literacy: Encourages awareness of financial systems to empower individuals and communities.
Why We Love
- Recognition of Economic Stability: This day celebrates the role banks play in stabilizing economies, enabling development projects, and fostering trade.
- Appreciation of Financial Inclusion: International Day of Banks shines a spotlight on efforts to provide banking services to underserved and marginalized communities.
- Focus on Sustainable Development: Banks play a vital role in funding projects that align with environmental, social, and governance (ESG) criteria, contributing to a sustainable future.
- Promoting Financial Literacy: The observance encourages individuals to gain a better understanding of financial services, empowering them to make informed decisions.
Faq's
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